Financial Daily from THE HINDU group of publications
Saturday, November 30, 2002
Markets (Nov. 29)
BL 2501094.91 (+4.78)
BSE Sensex3228.82 (+8.07)
S&P CNX Nifty1050.15 (+0.45)
Dollar (Buy/Sell)48.29/48.42
Gold Std (10 gm)5220 (+20)

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Keep off L&T stocks, SEBI tells Grasim
THE Securities and Exchange Board of India, which is investigating Grasim's acquisition of its initial stake in L&T last year, today directed the company not to acquire further shares of L&T in any manner until further advice. In a letter sent ... More

Heavy selling in Grasim
THE share prices of Larsen & Toubro Ltd (L&T) and Grasim Industries Ltd moved in the opposite directions on the bourses in reaction to the Securities Appellate Tribunal's (SAT) stay yesterday on Grasim's open offer to shareholders of L&T. With ... More

Approval, implementation norms for projects in for overhaul
A sample check of some projects showed that the major reason for the delay or non-completion was "faulty" implementation which could be traced to "faulty or insufficient" planning at the DPR stage itself. More

Harshad, Sahara top I-T defaulters
STOCK broker late Harshad Mehta and the Sahara group owe a staggering Rs 10,008.41 crore to the Income-Tax Department. Mr Mehta heads the list of 20 top income-tax defaulters owing the department Rs 5,429.57 crore. The combined dues of these ... More

Petrol, diesel to cost 30-40 p less from tomorrow
CONSUMERS will be paying 30-40 paise per litre lesser for petrol and diesel beginning next month following the recent drop in product prices in the international markets. ``I am happy that international crude prices have fallen. Oil companies ... More

Air India to buy 17 aircraft
THE Air India (AI) board which met here on Friday approved a proposal for the purchase of 17 aircraft in the 250-plus seating capacity. Among the aircraft that have been shortlisted are the Airbus A-340-300 and the Boeing 777-200 Extended Range ... More

No high for breweries, distilleries
WHEN the mercury is rising, a good chilled beer is as good as it gets. But for those in the business of brewing and distilling, this season appears to be overflowing with bottles of woes. An analysis of the financial results of 15 leading brewers ... More

`SAT verdict a warning to cos not to play with rules'
LEGAL experts say the pointers contained in yesterday's order of the Securities Appellate Tribunal upholding SEBI's stay on the Grasim open offer for L&T shares will have far-reaching consequences on the activities of corporates and merchant ... More


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